Restaurant business, how profitable? Food business is highly profitable, I used the word ‘highly’ because saying profitable alone might be an understatement. Food is regarded as the number one basic need of man amongst shelter and clothings. Whether you are fasting or busy you will still eat after all so nobody can escape not eating food.
Because of the rush in life many people cannot spare time to cook, some can’t even create time to go to the market to buy foodstuff not to talk of cooking. For some people it is because of the nature of their job while others is because they are damn just lazy.
Buying of already prepared food from buka cuts across all status; married and the unmarried. How about students, ah! let’s not go there we have plenty of them that form aje butter.
There are many names given to food business here are some of the names; restaurant, food vendors, mama put, buka and joint, eatery, canteen. The way it is operated determines the name.
Restaurant business has been in existence right from time immemorial because of the increase in knowledge and sophistication it has been taken to another level.
Mr. Biggs started with snacks, ice cream and drinks but now they have included village kitchen where they serve local delicacies. Almost all the fast food joints are converting to restaurant. What is trending now is amala joint so you can carve a niche for your restaurant business.
Restaurant business is one business that you can start and grow within a short time. So many people that started as mama put have upgraded. It is very easy to start and grow but not easy to manage it requires your time, energy, intelligence and the will power.
Things needed to Start Restaurant Business
- Utensils ( pots,kettles, frying pan etc)
- Cutlery (spoons, forks, knife etc)
- Table mats
- Hand towel
- Containers for spices; ground pepper, garlic, salt etc.
- Stove or gas cooker
- Fan/Air conditioner
- Television or radio
Requirement For Restaurant Business
It is ideal to situate your restaurant in a visible and populated area. You can establish it in a market place, school environment, motor park, office area especially where many offices are located example banks. Others are commercial centres, institutions etc.
You have to rent or get a shop according to the type of restaurant business you are setting and the capital at your disposal. If it is executive restaurant you can get a big and spacious shop so that you can arrange the chairs in a manner that they won’t be too close to each other.
Have you visited a buka before and you have to squeeze yourself to pass a table to your own, it is what many people frown at. You need a store in your shop where you will be keeping washed equipments and foodstuffs.
There should be a space for washing of utensils and where prepared food are kept for dishing. A canter should be built if your customers will have to place order and pick the foods by themselves.
You have to get reasonable amount of money at hand before commencing your buka and joint business. Sew your cloth according to the size of your cloth, that’s actually an adage that make sense big time.
Start with what you have and grow it or get a loan. Before getting loans write out your restaurant business plan after taking feasibility study in restaurants around your area.. Another way of getting starting capital is to ask friends and family for help.
Even if you are establishing your eatery business for people to manage for you, still you have to get some knowledge on how buka business is done. It will help you know what to expect and what it entails. Go to a restaurant that is viable and get some training or you employ qualified caterer and smartly learn from them.
Employ Good Hands
One of the things that will keep people coming to your restaurant is when you serve delicious meals. Employ at least a caterer to take care of the cooking then employ other hands to help in both the cooking and serving. As I said before restaurant business is very stressful, you can’t do it alone except when you are starting or you have but few targeted audience.
Depending on the size and how busy your restaurant is employ not less than 2 persons for food service. You won’t like to keep people waiting for to long, before serving them food. If you are doing that then you are loosing customers because so many people can’t bear it.
Naturally, people are attracted to good things and nice environment. Set up your buka and joint business in an organise way. The environment should be neat and smell good. You will not want people to be fighting with flies while eating. If possible, sew uniforms for your staff; appron and hair cover.
Cleanliness is said to be next to godliness so take this very serious in your canteen business.
The Cost of Setting Up Restaurant Business
The cost of setting up restaurant business depends.on what you have at hand and the size you are looking at. For a small retaurant #50,000 can start the business outside shop and non variable items. But whereby you have to buy everything including freeder then you need about #500,000 for a start.
How Profitable is Restaurant Business
It is very lucrative. You can make not less than #10,000 daily on food business. For rice alone you can make more or the same amount you bought it. If you sell variety of foids then you are made. By the time you add other things like the sell of drimks etc. You will count your blessings.
To increase profit, buy food on wholesale.
Foods To Cook
- Rice and stew
- Jollof rice
- Coconut rice
- Fried rice
- Plantain pottage or fried
- Eba and soap
- Pounded yam and soup
- Semo and soup or stew
- Moi moi
Make different delicacies such as amala, ekpang nkukwo, edikang ikong soup, white soup, ohia soup, gbegiri, miea nkuker, twoo etc. Sell othervthings like assorted drinks, snacks, water, boiled eggs, fried meat, chicken and so on.
Food doesn’t really need much advert, a good food will advertise itself. People that have tasted and enjoyed your food will direct others to your shop.
You can advertise on social media such as Facebook, Instagram etc if you want to capture a wider audience.
Add food delivery business to your buka and joint because people that can’t go out especially bankers now order for home delivery.
Start your restaurant business today don’t wait until you have plenty money. You can start from your home then upgrade as you expand.
The things that will make your business outstanding and draw more customers to you are:
- Good food
- Good customer care
- Serve hot food
People should not come and be waiting for food to be ready. Wake up on time and cook the foods. You and your staff should be friendly to customers, people love such places. The price should be moderate so that you can capture plenty customers. The more the customers the more money you make.